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Precious metal prices increased in Azerbaijan on November 22, according to the data published by the Central Bank. The price of gold went up by 9.7325 manats, to 2,085.22 manats per ounce on November 22 compared to the price on November 21. The price of silver grew by 0.3015 manats, to 24.6391 manats per ounce.…
DetailsMember of the Parliament, Bakyt Torobaev, asked the government to provide information on the activities of Kumtor gold mine at a meeting of Parliament. According to him, the Prime Minister spoke about new agreement with the Canadian company Centerra Gold Inc. Members of the Parliament know nothing about it. “How many funds are received, what…
DetailsRussia and South Africa have signed a roadmap for the implementation of joint projects on the market of platinum group metals, as well as agreement on exploration, extraction and processing of mineral resources until 2025. The Minister of Natural Resources and Environment Dmitry Kobylkin signed the documents. “Russia and South Africa, possessing rich reserves of…
DetailsThis year SUEK (Siberian Coal Power Company) intends to mine some 5.92 million tons of coal in Zabaikalye region, up by 14.7% YoY. To reach this goal the company is constantly replacing and adding new mining and auxiliary machines. Last year the region yielded 21.3 million tons of coal, with SUEK accounting for 83%. (Ukrainian…
DetailsThe Industrial-Metallurgical Complex (PMH) has renamed Krontif-Center into Sukremlsky Ironworks. The renaming does not result in the change of operations or staff. “The renaming returns the works its historical name. The brand of Sukremlsky casting has been known to the whole world for 3 centuries. The renaming will increase the brand awareness on the Russian…
DetailsUnecha Works of Refractory Metals will open a manufacture of tungsten and molybdenum oxides in the Bryansk region. At present molybdenum oxide is not produced in Russia. Under the project the Unecha Works will be provided with a loan of 500 million rubles. The manufacture will help decrease imports to 26%. (Ukrainian metal)
DetailsZagorsky Pipe Works has shipped the first batch of welded pipe piles to Bangladesh. The batch comprised 320 tons of pipe piles and 180 tons of pipes. Under the contract ZTZ has to supply 10 thousand tons of pipe piles with the diameter of 630 and 1420 mm and 5 thousand tons of pipes with…
DetailsRussia’s gold refining rose by 1.65% YoY, to 231.65 tons in January-September, the Finance Ministry said, citing gold supplies to refining plants data. Mined gold output rose by 3.44%, to 194.86 tons, while by-product gold output decreased by 12.83%, to 11.69 tons, and gold scrap production fell by 3.79%, to 25.10 tons. Russia’s silver output…
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